This website is a testimony to the problems Canadian Student Loan borrowers experienced from approximately 1996 to 2008 and until their loans were paid off.

The privatization of the Student Loans system by the Chretien and Martin Liberal governments broke the system and defaulted thousands of borrowers who were trying to pay their loans. There were even stories of suicide due to the harassment of borrowers.

Read the report that I prepared back in 2007 here. Canada Student Loans-The Need for Change Fortunately the new Conservative government at the time revamped the program and fixed the system for new borrowers, but borrowers under the previous program were left with ruined credit and continued harassment from debt collectors.

I call on the Canadian Government to apologize to the borrowers affected by this fiasco and make amends.

Unfortunately the Liberal government is again clobbering the Education system with their changes to International Student Visas. Yes, there's a problem, but instead of a well thought out plan, they have pulled the emergency brake on the train causing a derailment. This has introduced unprecedented instability for both private and public education institutions who serve both international and local students.

Universities have been forced to cancel programs and layoff hundreds if not thousands of full-time and contract instructors.

Again, the Liberal government has messed up the education environment.


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kwelmm View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 07/December/2004 at 5:29am

Johnny,

I would have simply sent the monthly payments before (as all I had to do) if I was capable to do this back then.  I was not in a position to do that then...I am now like I've referred to in other posts....since hubby got a job we are now able to start paying something.

 

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kwelmm View Drop Down
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Joined: 06/November/2004
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kwelmm Quote  Post ReplyReply Direct Link To This Post Posted: 07/December/2004 at 8:34am
Originally posted by kwelmm kwelmm wrote:

Johnny,

I would have simply sent the monthly payments before (as all I had to do) if I was capable to do this back then.  I was not in a position to do that then...I am now like I've referred to in other posts....since hubby got a job we are now able to start paying something.

P.S. I did fill out the financial questionnaire as required, along with a letter explaining reasons for defaulting which they wanted as well.  I have been cooperative and compliant.  In no way was I questioning your knowledge Johnny...I am clear on what you did by other posts.

I apologize if that is the impression that you got .

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